DSP Mutual Fund has launched DSP S&P BSE Liquid Rate ETF, an open-ended scheme replicating/ tracking the S&P BSE Liquid Rate Index.

The new fund offer of the fund is open for subscription and will close on March 20.

The scheme will be managed by Anil Ghelani and Diipesh Shah. The scheme will be benchmarked against the S&P BSE Liquid Rate Index.

The scheme seeks to provide returns before expenses that correspond to the returns of the S&P BSE Liquid Rate Index, subject to tracking errors.